El Segundo Real Estate Recap – May Home Sales At a Glance

Welcome to our quick recap for real estate in El Segundo during the month of May.    Home sales in the city of El Segundo  were way down with only 6 homes that closed escrow compared with 25 in May of 2019.  On the other hand, house prices were very impressive with the median home price of $1,420,000.  Homes that sold averaged only 19 days on market compared with 62 the year earlier.

View all of the current homes, houses and townhomes for sale in El Segundo CA

View all of the current beachfront homes for sale on The Strand in Manhattan Beach

El Segundo Housing Inventory Up……Sales Down

The good news for buyers is that the inventory of unsold homes in El Segundo is going up while the number of homes that are selling and closing escrow are going down.  The number of active listings has gone up every month this year from 7 in January, 10 in February, 14 in March and 19 in April.  The number of closed sales has dropped however from 13 in January, to 7 in February, 6 in March and only 3 in April.  May may be on a recovery track with 6 closed escrow.

El Segundo Home sales for the past 15 Months

May 2020 Home Sales and Home Prices in El Segundo

El Segundo Real Estate Update - May Home Sales

May 2020 picked up a little steam in terms of home sales in El Segundo with 6 closed escrows compared with only 3 a month earlier.  It was still a dramatic drop from one year earlier with 25 home sales in May of 2019.  View a chart of the past 15 months of active listings, pending escrows and closed home sales in El Segundo.

May Home Sales in El Segundo

 

MLS#
Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Sold Date
SB20017258
CONDO/A
815Main ST   #302
$699,000
$610.48
2/2,0,0,0
1145/A
1983/ASR
5/15/2020
20564678
SFR
815PENN ST  
$1,099,000
$981.25
2/2,0,0,0
1120/
1962
5/19/2020
SB20104028
SFR/D
840Hillcrest ST  
$1,115,000
$879.34
3/2,0,0,0
1268/A
1950/ASR
5/31/2020
SB20026224
TWNHS/A
548 EImperial AVE  
$1,150,000
$584.05
3/3,0,1,0
1969/B
2019/SLR
5/12/2020
SB20032247
SFR/D
837Virginia ST  
$1,950,000
$695.68
3/4,0,0,0
2803/S
1918/ASR
5/15/2020
SB20102866
SFR/D
709 EPine AVE  
$2,509,200
$721.66
5/2,2,1,0
3477/B
2020/BLD
5/29/2020

Homes We Like – Beautiful New Home Listed at 321 Lomita in El Segundo

321 Lomita Street, El Segundo - Listed for $2,600,000

This weeks featured home is a beautiful 5 bedroom home on Lomita Street with architecture the listing agent is calling “coastal farm house”.  Built just a few years ago this home offers the spacious layout today’s luxury buyers are looking for while still offering some small town charm that fits well in El Segundo. The home last sold for $2,300,000 on 04/02/18 PRICE: $2,600,000 BEDS: 5 BATH: 4 1/2 SQFT: 3,029* PRICE PER SQFT: $858.37 LOT SIZE: 5,723 SQ FEET GARAGE: 2 CAR SIDE BY SIDE YEAR: 2018

Information on 321 Lomita Street El Segundo W Mariposa, El Segundo

Listing Courtesy of Amie Schneider – Compass

By the Numbers – El Segundo Home Sales and Home Prices for April 2020

April 2020 Home Sales and Real Estate Stats

April was a VERY slow month for home sales in El Segundo with only 3 properties closing escrow during the month.  The median list price was $1,098,000 with the median sales price of $1,100,000 meaning the three homes basically sold for full price. The average price per foot was $754 and average days on market was 38.   View the April 2020 home sales in other South Bay cities as well.

Type
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
CONDO/A
770 W
Imperial AVE   #47
$590,000
$500.00
2/1,0,1,0
1180/A
1966/ASR
TWNHS/A
305
Kansas ST   #B
$1,100,000
$541.87
3/3,0,0,0
2030/A
2006/PUB
SFR/D
818
Penn ST  
$1,290,000
$1,220.44
2/1,0,0,0
1057/A
1930/ASR

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Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

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El Segundo Real Estate. All information deemed reliable but not guaranteed.